9% Cap Rate | 26 Units | South Shore 7700 S Jeffery Blvd 26 Unit Apartment Building $3,105,922 CAD ($119,459 CAD/Unit) 9.05% Cap Rate Chicago, IL 60649

Kiser Group is pleased to exclusively offer for purchase the sale of 7700 S. Jeffery, a twenty-six (26) unit courtyard in Chicago’s booming South Shore neighborhood. Over the past year, South Shore has seen a resurgence in new developments due to its proximity to Lake Michigan, as well as Chicago’s Downtown, most notably with the construction of the Obama Presidential Library. Conveniently, the property shares a sidewalk with Chicago CTA's "Jeffery Jump" bus stop, which provides express, almost nonstop service to and from downtown Chicago.
7700 S. Jeffery is comprised solely of spacious 1Bd/1Ba units. All the apartments, however, feature an open style layout with an abundance of natural light. Furthermore, and over the years, the building has undergone several significant capital improvements. The property features a new high efficiency boiler, newer hot water storage tank and a separate hot water boiler, two (2) separate hot water booster pumps for increased water pressure, as well as an updated R&D boiler control system to modernize and regulate heat output. Additionally, the building has been rewired and equipped with emergency lighting alongside improved common area lighting.
7700 S. Jeffery presents an investor with an incredibly unique opportunity to acquire a stabilized, cash flowing asset in one of Chicago’s most desirable neighborhoods. From day one, an investor will realize an in place cap rate exceeding 9% along with a 13.44% cash return.